All posts tagged Sany Heavy Industries

The arrest of a Chinese newspaper journalist on charges of defaming a commercial reputation is shining a light on a nasty rivalry between China’s two largest construction-equipment makers by sales Zoomlion and Sany.

The incident comes after China’s two have hurled public accusations back and forth against one another, alleging everything from attempted kidnapping, hacking attacks and other supposed acts of cutthroat competition that each has denied but that have dented their reputations. Read More »

A nasty ongoing spat between China’s top two construction-equipment makers just keeps getting nastier.

Sany Heavy Industry Co. and Zoomlion Heavy Industry Science and Technology Co. are neighbors, both based in Changsha, in central China’s Hunan province. Despite, or perhaps because of, that proximity, there’s little love lost between them.

Simmering Sany-Zoomlion tensions were in evidence in Shanghai last week at Bauma, China’s largest trade show for construction equipment, where, according to local media reports, Sany President Xiang Wenbo did an abrupt about-face when he realized he was approaching enemy Zoomlion’s display zone. Read More »

To cool quake-ravaged systems at the Fukushima Daiichi nuclear reactors, Japanese authorities have funneled water in from the sea, dumped it from helicopters, shot it from fire trucks and of late had success reestablishing pumps.

Now, they are reportedly bringing in a new weapon: A powerful Chinese-made truck designed to shoot wet concrete several stories into the air. Read More »

Is there debate in China over the wisdom of opportunistic overseas acquisitions? You betcha.

Xiang Wenbo, president of Chinese machinery maker Sany Heavy Industries, brought the issue front and center yesterday during the National People’s Congress meetings in Beijing. Mr. Xiang, one of the country’s most outspoken corporate executives, confronted Chinese Vice Premier Wang Qishan during a meeting of the delegation from Hunan, where Sany is based.

Sany’s Xiang asked Wang, China’s cabinet official in charge of financial affairs, whether he could fork over some money to help fund Sany’s international expansion — a reasonable request, some might say, given China’s central government sits on nearly $2 trillion of foreign exchange reserves.

Here’s Mr. Wang’s response: (See an English accounting, subscription required, from the South China Morning Post, or a version in Chinese)

“Are you sure of your managerial skills?” Mr. Wang asked, according to the China News Service. “Have you analyzed the corporate culture differences between the two parties? Do you understand how to deal with unions and their relations with management in the country [where your target company is based]?” He finished with, “If you don’t know your target and yourselves well, your ambition really scares me.”

Expert Insight

China’s territorial ambitions in the East and South China seas are by now well-documented. Much less understood is one of the key factors in the country’s ability to realize those ambitions: an increasingly well-funded and capable maritime militia.

The U.S. has been urging allies to steer clear of Asia's new China-led infrastructure investment bank. Robert Zoellick, former president of the World Bank, calls that approach mistaken on multiple levels.

Can legal reform and Communist Party control coexist in a way that will benefit Chinese governance and society?This is the question that confronts the country in the wake of its annual legislative gathering.

China's just-concluded legislative sessions seem to be another example of the deinstitutionalization of politics under Xi Jinping. Months from now, these meetings won’t be seen as harbingers of reform, so much as another lost opportunity, writes CRT analyst Russell Moses.

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